Level To Watch: #GBPUSD Bearish Pennant breaking on confluences
Multiple confluences showing possible drop of pound against U.S dollar :
- Price currently on Resistance that match with Round Number 1.55 and Last swing Fibonacci 0.236
- Bear Pennant in a down trend, waiting to be broken
Waiting for reversal PA to trigger a SHORT
Currency Strenght Cross-analyze : GBP meets resistances on most of the other pairs, it confirms my scenario for a drop of GBP
Cheers,
Mistertrader
- Price currently on Resistance that match with Round Number 1.55 and Last swing Fibonacci 0.236
- Bear Pennant in a down trend, waiting to be broken
Waiting for reversal PA to trigger a SHORT
Currency Strenght Cross-analyze : GBP meets resistances on most of the other pairs, it confirms my scenario for a drop of GBP
Cheers,
Mistertrader
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.